Railroads Unite America. The Transcontinental Railroad  Completed in 1869  Connected the Atlantic Coast to the Pacific Coast  Reduced travel time from.

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Presentation transcript:

Railroads Unite America

The Transcontinental Railroad  Completed in 1869  Connected the Atlantic Coast to the Pacific Coast  Reduced travel time from months to days

 By the 1890s, railroads supplied cities and towns with food, fuel, mail, building materials, and access to markets.

 Made it faster and cheaper for homesteaders to settle the plains

 Railroads & mail-order merchants made it possible for people in remote rural areas to enjoy inexpensive consumer goods.

 In the West, railroads helped open new territory to economic exploitation

 Played a large part in the creation of the first national parks.

Cornelius Vanderbilt  Built a trading company with his own steamships and expanded to ocean going ships.  Gained control of the New York and Harlem Railroad in 1863  Purchased several other railroads and merged them into one of the first giant corporations in American history.  Built the Grand Central Depot (Grand Central Station today) in 1871  Streamlined railroad service in the U.S.  Built up a $100 million fortune (worth about $140 billion today)  Founded Vanderbilt University

 Railroad “barons” created vast railroad networks and monopolies with free land given by the government: Pacific Railway Act...  Raised money by selling many of their land grants  Used Chinese and Irish immigrants to lay tracks